Betty


Status: Paying Back

$1,050.00   Loan Amount
63% repaid

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Betty
Location: Lima, Peru
Activity: Construction Supplies

About the Loan

Loan Amount: $1,050.00
Loan Use: Purchase of construction materials to rent
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Jun 27, 2009
Date Disbursed: Jun 4, 2009
Date Funded:Jun 28, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.0550 PEN = 1 USD



Betty is a 56 year-old woman. Recently, she has worked very hard in order to earn the necessary income for the construction of her own home, which is still in progress. She hopes that it will be finished soon so that she can have security and comfort. Right now she lives in the home of her mother-in-law.



In the time that she has been married, she has learned the business of her spouse, and now has a support role in his business, a role where she is in charge of the administration of the contracts. They rent scaffolding (metal supports) which are required for construction. In the same way, the business, which they have with their children in the city market, serves the requests for the creation or repair of diverse construction materials. This venture began 3 years ago, during which, along with her spouse and children, Betty works in the shop from 9 in the morning until 6 in the evening. Betty says that in the company of her family, the work seems less tedious. Together they plan to grow their business so that they can provide better services in the field of construction.



This is her 18th loan with Microfinanzas PRISMA, and as part of her community bank, Betty tries to support all of her fellow members to help them develop and grow. The 3200 Peruvian Soles she seeks she will us to invest in the purchase of some materials which she plans to rent to improve their services.

Translated from Spanish by Michelle Harrison, Kiva Volunteer


Betty es una mujer de 56 años, los últimos años ha trabajado mucho para tener los ingresos necesarios para la construcción de su casa propia, la cual está en proceso y espera pronto se termine para tener seguridad y comodidad, ya que por el momento vive en la casa de su suegra. En el tiempo que lleva casada aprendió el oficio de su esposo, ahora es un apoyo dentro del negocio, puesto que es la encargada de la administración de los contratos. Ellos se dedican al alquiler de andamios (soportes de metal) que requieren para las construcciones, de la misma forma apoya en el negocio que tiene con sus hijos en el mercado de la ciudad donde atienden los pedidos de elaboración o reparación de diversos materiales de construcción. Esta actividad la viene desempeñando con mayor compromiso desde hace 3 años, tiempo en el que, junto a su esposo e hijos, atienden su taller desde las 9 de la mañana hasta las 6 de la tarde. Betty menciona que en compañía de su familia las labores son menos pesadas y juntos tienen proyectado ampliar su negocio para dar mejores servicios bajo el rubro de construcción. En Microfinanzas PRISMA este es su crédito número 18 y como parte de su banco comunal trata de apoyar a todas sus compañeras para trabajar en conjunto por el desarrollo y crecimiento de ellas mismas. Los 3200 soles que solicita los invertirá en la compra de algunos materiales que tiene pensado adquirir para alquilar y ampliar sus servicios.

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Journal entries for Betty


Loan has been disbursed
 
Entrepreneur: Betty
Location: Lima, Peru

Thank you for your loan. It has been disbursed to Betty by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 6 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lima, Peru
Jun 29, 2009
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Kiva Help Repayment Schedule for Betty

  Expected Repayments Actual Repayments Comments
September 2009 $157.15 $157.15 Repayment Received
October 2009 $162.86 $162.86 Repayment Received
November 2009 $170.43 $170.43 Repayment Received
December 2009 $178.36 $178.36 Repayment Received
January 2010 $186.66 Available Jan 1  
February 2010 $194.54 Available Feb 1